1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar
Source link: http://blog.mises.org/7844/more-monetary-excess/

More monetary excess

February 27, 2008 by

Taking into account not just rapid domestic expansion, but also the sharp fall in the greenback, broad, dollar-denominated money supply went up on an annualized basis, in the six months to January at rates of:

Russia 53%
Each of Brazil, China and the Eurozone at 32%
India 30%
Japan 25%
Canada and the US each 20%

Is it any wonder prices of things are going ballistic and that stock markets are (just about) refusing to succumb to a darkening economic outlook?

{ 2 comments }

Josh D February 29, 2008 at 10:20 pm

I’m a bit new to Austrian economics- can anyone explain this article and chart?

M E Hoffer March 1, 2008 at 9:49 am

Josh,

increases in monetary media lead to higher prices for real goods & services..

Comments on this entry are closed.

Previous post:

Next post: